What the experts are saying about IIP.UN-T

All apartment REITs now are beasts--don't sell them. They keep going up. IIP owns great properties in Toronto, Ottawa and Montreal, many apartments which have little supply but strong demand. The IIP valuation is too high for him, but it will generate good cash flow growth at 10% a year. The only thing to stop this is a recession which he doesn't expect.

All apartment REITs now are beasts--don't sell them. They keep going up. IIP owns great properties in Toronto, Ottawa and Montreal, many apartments which have little supply but strong demand. The IIP valuation is too high for him, but it will generate good cash flow growth at 10% a year. The only thing to stop this is a recession which he doesn't expect.

He missed this and kicks himself for it. They own multi-dwelling apartments in Ontario and Quebec. They have executed incredibly well and have record occupancy. The only problem is that it trades at a 25% premium to NAV -- just too expensive.

He missed this and kicks himself for it. They own multi-dwelling apartments in Ontario and Quebec. They have executed incredibly well and have record occupancy. The only problem is that it trades at a 25% premium to NAV -- just too expensive.

Entry into Montreal? The management team is one of the best out there. They buy undervalued properties and get big uplifts. They have perfected in Ottawa and the GTO. Montreal is not a new market to them. Overall the residential market space is well favoured. The tech industry has spawned in Toronto and it is spreading across the country. There is a shortage of good quality housing across the country. The yield just above 3%, but you are really buying this for their growth opportunities.

Entry into Montreal? The management team is one of the best out there. They buy undervalued properties and get big uplifts. They have perfected in Ottawa and the GTO. Montreal is not a new market to them. Overall the residential market space is well favoured. The tech industry has spawned in Toronto and it is spreading across the country. There is a shortage of good quality housing across the country. The yield just above 3%, but you are really buying this for their growth opportunities.

Rental properties in Ontario. One of the best performing REITs. He kicks himself for not owning it. What he got wrong is that Ontario Government went into rent control he didn't have to deal with that, but they didn't have any hiccup with that at all. They are very good at what they do. It is expensive now.

Rental properties in Ontario. One of the best performing REITs. He kicks himself for not owning it. What he got wrong is that Ontario Government went into rent control he didn't have to deal with that, but they didn't have any hiccup with that at all. They are very good at what they do. It is expensive now.

(A Top Pick Oct 01/18, Up 25%) It's apartments in Toronto, Ottawa and Montreal. They've done an excellent job buying properities and refurbishing them. Margins are way up. They bought some apartments in Montreal recently. Pays only a 2% yield, but they consistently raise it.

(A Top Pick Oct 01/18, Up 25%) It's apartments in Toronto, Ottawa and Montreal. They've done an excellent job buying properities and refurbishing them. Margins are way up. They bought some apartments in Montreal recently. Pays only a 2% yield, but they consistently raise it.

Apartments in Southern Ontario and Montreal. They had a good 2018. The fundamentals for apartments are quite good. There is a lot of immigration into Southern Ontario. 67% payout ratio. Expect dividend increases in coming years. They will not do as well in 2019 as 2018.

Apartments in Southern Ontario and Montreal. They had a good 2018. The fundamentals for apartments are quite good. There is a lot of immigration into Southern Ontario. 67% payout ratio. Expect dividend increases in coming years. They will not do as well in 2019 as 2018.

Apartment in Toronto, Ottawa and Montreal. It's not exposed to tariffs. Management has done a good job and their chart looks good. They internalized management which will boost earnings. They continue to pick up rental units outside the urban core in the GTA. It helps that few rentals are being built. Stock price has risen a lot, but this is a good long-term play. (2.3% dividend, Analysts' price target: $12.10)

Apartment in Toronto, Ottawa and Montreal. It's not exposed to tariffs. Management has done a good job and their chart looks good. They internalized management which will boost earnings. They continue to pick up rental units outside the urban core in the GTA. It helps that few rentals are being built. Stock price has risen a lot, but this is a good long-term play. (2.3% dividend, Analysts' price target: $12.10)

He likes management. Their ability to increase distributions will be there as their more aggressive development plan starts kicking in. They have a number of large-scale developments, which have taken a bit longer, but the dividend will increase over time. More importantly is the amount of growth you can get in earnings when you are able to buy something broken and fix it. You are paying for broken, but you are getting fixed in the end. Returns are very strong. Thinks this will be issuing equity sometime in 2017, so you may want to wait for the equity deal. Dividend yield of 3.1%.

He likes management. Their ability to increase distributions will be there as their more aggressive development plan starts kicking in. They have a number of large-scale developments, which have taken a bit longer, but the dividend will increase over time. More importantly is the amount of growth you can get in earnings when you are able to buy something broken and fix it. You are paying for broken, but you are getting fixed in the end. Returns are very strong. Thinks this will be issuing equity sometime in 2017, so you may want to wait for the equity deal. Dividend yield of 3.1%.

Immigration significantly contributed to population growth in Canada. In the last year, it has probably accounted for about three quarters of it. There is a benefit to owning apartment REITs if you think the cost of housing is relatively high, and you have an influx of immigrants. This REIT has a fantastic management team that tends to be more focused on “value add”. They will buy a property that is not necessarily maximizing its income possibility. They will gussy it up, increase rents, which will drive a significant increase in the share price and the value proposition. He likes this very much.

Immigration significantly contributed to population growth in Canada. In the last year, it has probably accounted for about three quarters of it. There is a benefit to owning apartment REITs if you think the cost of housing is relatively high, and you have an influx of immigrants. This REIT has a fantastic management team that tends to be more focused on “value add”. They will buy a property that is not necessarily maximizing its income possibility. They will gussy it up, increase rents, which will drive a significant increase in the share price and the value proposition. He likes this very much.

(A Top Pick March 19/15. Up 19.04%.)An apartment REIT based in Eastern Canada. Most properties are in Ontario where rents are regulated, but they tend to focus more on “value add”, where they buy a property that is not really achieving its full potential, put a little bit of money into it, and try to ramp up the occupancy, which has certainly worked out well for them.

(A Top Pick March 19/15. Up 19.04%.)An apartment REIT based in Eastern Canada. Most properties are in Ontario where rents are regulated, but they tend to focus more on “value add”, where they buy a property that is not really achieving its full potential, put a little bit of money into it, and try to ramp up the occupancy, which has certainly worked out well for them.

(A Top Pick March 19/15. Up 8.46%.)Has exposure to Eastern Canada, so low income Housing. No exposure to Western Canada, strong balance sheet and good management has really helped. Dividend yield of 3.5%.

(A Top Pick March 19/15. Up 8.46%.)Has exposure to Eastern Canada, so low income Housing. No exposure to Western Canada, strong balance sheet and good management has really helped. Dividend yield of 3.5%.

He is a big fan of this company. They have a very entrepreneurial style. Dividend payout is very low and very sustainable. Sees more than average growth potential, so continues to like it. Good management.

He is a big fan of this company. They have a very entrepreneurial style. Dividend payout is very low and very sustainable. Sees more than average growth potential, so continues to like it. Good management.

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